Stephen Ross’ wife to open jewelry shop at 655 Madison

Kara Ross, a jewelry designer and wife of Related Companies’ chairman Stephen Ross, signed a 600-square-foot lease at 655 Madison Avenue, where she plans to open a flagship store for her line.

Asking rent was $800 per square foot for the space, located on the East 60th Street side of the 24-story tower. Colliers International’s Andrew Roos and Michael Cohen, tri-state vice chairman and president respectively, represented landlord Plaza Madison Associates, while Laura Pomerantz of Pomerantz Real Estate represented Ross.

Ronald Dickerman’s Madison International Realty owns an interest in the building, as previously reported. Other tenants include Ralph Lauren and Jones New York, as well as flagships for retailer DKNY and high-end shoemaker Schutz.

Ross also makes accessories for the White House to hand out to special visitors and employees, the Post said. [NYP] — Mark Maurer

Correction: An earlier version of this story incorrectly stated the square footage of the lease. It has been corrected to 600 square feet.

This is one of those deals Stephen Ross knows is bad, but needs to be done to keep his sanity. Should have just given her the 1.8M or so a year to play with…. I wonder if Stephen had to be a guarantor.

donationguru

i been tricked…they finally changed it to 600 sq feet.

Sunny

Sexist much?! Her stuff is actually sold all over the place, including at retailers such as Bergdorf Goodman, Bloomingdales, Carolina Herrera, Donna Karan, etc…

David Brown

24,000 sq ft at $800 is $19,200,000 per year not $1.8MM. Either the square footage is wrong or donationguru’s math is wrong. Frankly I can’t see 24,000 square feet for a jewelry store but that what it says.